Central Asia Caught in Economic Perfect Storm amid Oil Price Collapse and COVID-19 Pandemic
By Azad Garibov
May 12, 2020, the CACI Analyst
The collapse of oil prices and outbreak of a pandemic seems to catch Central Asia in an economic perfect storm. Some regional energy exporters will suffer directly from low oil prices and the pandemic; others will face adverse economic consequences more indirectly, in the form of reduced gas demand in China or decreased remittances sent by migrant workers.
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